Rentomojo sees profit spike to Rs 43 Cr in FY25 on subscription-led growth
Rentomojo now operates in 23 cities with 71 experience stores, serving more than 2.2 lakh live subscribers and managing over 7.7 lakh rental items.
Rentomojo reported its third consecutive year of profitability, posting a 92% jump in net profit for the year ended March 2025, as the Bengaluru-based furniture rental company expanded its footprint and scaled its subscription-led model.
Net profit rose to Rs 43.07 crore in FY25 from Rs 22.49 crore a year earlier, while rental revenue from operations increased to Rs 265.96 crore.
Earnings before interest, taxes, depreciation and amortisation climbed to Rs 118.41 crore, compared with Rs 78.23 crore in FY24, the company said in a statement.
“At its core, Rentomojo is a consumer tech company building a subscription-first model that has delivered sustained profitability, while solving a major problem for its consumers,” Founder and CEO Geetansh Bamania said. “Our performance reflects the strength of our business fundamentals and disciplined execution.”
Rentomojo now operates in 23 cities with 71 experience stores, serving more than 2.2 lakh live subscribers and managing over 7.7 lakh rental items. Bamania said that the offline expansion was “deepening consumer trust and accelerating adoption.
The company reported a return on capital employed (ROCE) of 25.1% for FY25, owing to its refurbishment-led circular economy approach, reinvestment into automation, and reuse of supported margins and long-term resilience.
The company, founded in 2014, is backed by investors, including Accel, Chiratae Growth Fund, Edelweiss Discovery Fund, and ValueQuest S.C.A.L.E. Fund.
Rentomojo’s performance comes as rival House of Kieraya Ltd, the parent of furniture and lifestyle brands Furlenco and UNLMTD, also reported a sharp turnaround in FY25. The company swung to a profit of Rs 3.1 crore after posting a loss of Rs 130.2 crore the previous year.
Revenue from operations at House of Kieraya rose 64% annually to Rs 228.7 crore, driven primarily by service income, which grew 61% to Rs 208 crore. Product sales more than doubled to Rs 20.8 crore, reflecting efforts to expand product-led and subscription offerings.
Total income, including other income of Rs 11.3 crore, stood at Rs 240 crore, compared with Rs 151.9 crore a year earlier.
Edited by Suman Singh